The record backlog of $14.06B provides strong multi-year revenue visibility, supporting the current growth trajectory. Monitor future quarterly filings for backlog conversion rates and margin trends, as the massive backlog could pressure execution if labor or supply constraints emerge.
Price Chart
Executive Summary
Comfort Systems USA filed an 8-K furnishing an investor presentation that highlights strong financial performance for the six months ended June 30, 2026. Revenue surged to $6.13 billion (up 53% YoY from $4.00 billion), net income more than doubled to $812.0 million, and backlog reached a record $14.06 billion. The presentation is a routine investor relations update with no new material information beyond what was already reported in the Q2 2026 earnings release.
Key Facts
- YTD 2026 revenue was $6.13 billion, up from $4.00 billion in the prior-year period.
- YTD 2026 net income was $812.0 million, up from $400.1 million.
- Diluted EPS for YTD 2026 was $23.03, up from $11.28.
- Backlog reached a record $14.06 billion as of Q2 2026, up from $11.95 billion at year-end 2025.
- Cash and cash equivalents totaled $1.85 billion at June 30, 2026, with total debt of only $54.1 million.
- Operating cash flow for YTD 2026 was $1.53 billion, up from $164.5 million in the prior-year period.
Financial Impact
Revenue up 53% YoY to $6.13B; Net Income up 103% to $812M; Diluted EPS up 104% to $23.03; Backlog up 18% to $14.06B
Risk Factors
- Execution risk on record $14.06B backlog
- Potential labor and material cost inflation
- Dependence on technology sector (58% of YTD 2026 revenue) for growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-089781 |
| Document: tm2621841d1_ex99-1.htm | 0001104659-26-089781 |
| Document: 0001104659-26-089781-index-headers.html | 0001104659-26-089781 |
| Document: 0001104659-26-089781-index.html | 0001104659-26-089781 |
| Document: 0001104659-26-089781.txt | 0001104659-26-089781 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Insider Cluster | $1,696.06 $1,573.96 | ▼ −7.20% | ▼ −5.25% | $1,685.29 (−0.63%) |
Aug 3, 2026 8w ago | 8-K | $1,775.86 $1,554.37 | ▼ −12.47% | ▼ −11.23% | $1,685.29 (−5.10%) |
Jun 22, 2026 14w ago | 8-K | $1,908.07 $1,712.18 | ▼ −10.27% | ▼ −11.43% | $1,685.29 (−11.68%) |
May 1, 2026 21w ago | 8-K | $1,891.95 $1,787.88 | ▼ −5.50% | ▼ −11.15% | $1,685.29 (−10.92%) |
Apr 29, 2026 22w ago | Insider Cluster | $1,724.14 $1,867.09 | ▲ +8.29% | ▲ +2.83% | $1,685.29 (−2.25%) |
Apr 29, 2026 22w ago | Insider Cluster | $1,724.14 $1,867.09 | ▲ +8.29% | ▲ +2.83% | $1,685.29 (−2.25%) |
Apr 23, 2026 23w ago | 8-K | $1,726.12 $1,835.33 | ▲ +6.33% | ▲ +2.30% | $1,685.29 (−2.37%) |
Feb 28, 2026 30w ago | Institutional Cluster | $1,437.49 $1,273.18 | ▼ −11.43% | ▼ −3.49% | $1,685.29 (+17.24%) |
Feb 24, 2026 31w ago | Insider Cluster | $1,467.82 $1,461.52 | ▲ +0.43% | ▼ −4.56% | $1,685.29 (−14.82%) |
Feb 24, 2026 31w ago | Insider Cluster | $1,467.82 $1,461.52 | ▼ −0.43% | ▲ +4.56% | $1,685.29 (+14.82%) |
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